It is estimated that raising the retirement age to 70 would cut the shortfall by about 36%. But this proposal has some drawbacks. Women and men who have worked jobs that require manual labor all of their lives may not physically be able to do work until they are 70 years old.
Steve IsraelAs a result of the current universal benefit, the poverty rate for seniors in America is about 10%. Without the universal benefit, it would be over 50%.
Steve IsraelSince Social Security was established by President Franklin D. Roosevelt in 1935 to ensure economic security for American workers, poverty among American seniors has dramatically declined.
Steve IsraelI always try to keep my constituents as up-to-date as possible with what's going on here in Washington.
Steve Israel